Financial Position - As of September 30, 2025, cash balance maintained at financial institutions in Hong Kong was US$1 million, with approximately US$0.3 million insured by the Hong Kong Deposit Protection Board[472]. Revenue Concentration - For the year ended September 30, 2025, two customers accounted for 12.86% and 11.63% of total revenue, compared to one customer accounting for 26.46% in 2024[475]. - As of September 30, 2025, a customer accounted for 42.46% of the total balance of accounts receivable, down from 52.39% in 2024[476]. Cost Structure - For the year ended September 30, 2025, two vendors accounted for 20.63% and 17.91% of total cost of services, compared to one vendor accounting for 18.3% in 2024[477]. - As of September 30, 2025, two vendors accounted for 17.48% and 11.10% of the total balance of accounts payable, down from 24.30% and 13.39% in 2024[478]. Risk Exposure - The company is exposed to foreign currency risk primarily through service income or expenses denominated in currencies other than the functional currency, with minimal exposure due to the peg of HK$ to US$[479]. - Interest rate risk is primarily related to variable-rate bank loans and overdrafts, concentrated on fluctuations of the Hong Kong Prime Rate, with no derivative instruments used to mitigate this risk[480]. Credit Losses and Revenue Recognition - The allowance for credit losses is estimated using a combination of models and management judgment, based on historical loss performance and evaluated quarterly[474]. - Revenue recognition is based on the transfer of control of services over the requisite transit period, with judgments affecting the timing of revenue recognition[490].

Group 1 - The core point of the article highlights the significant stock price increases of several Chinese concept stocks, with VS MEDIA Holdings leading the gains at 38.37% [1] - VS MEDIA Holdings (VSME) closed at 0.1035, experiencing a rise of 38.37% with a trading volume of 1.0114 million [1] - Soft Cloud Technology (RYET) saw a price increase of 20.95%, closing at 1.270 with a trading volume of 1.77 million [1] - Huaying Group (AXG) reported an 18.38% increase, closing at 4.250 with a trading volume of 3.7153 million [1] - New Century Transportation (NCEW) rose by 18.31%, closing at 5.750 with a trading volume of 0.6695 million [1] - Jin Xuan Group (JXG) experienced a 17.46% increase, closing at 9.620 with a trading volume of 0.471 million [1]

Group 1 - New Century Logistics (BVI) Limited (NCEW) is currently trading at $4.12 with a target price of $2.29, indicating a potential downside of -44.38% [1][5] - PS International Group Ltd. (PSIG) is trading at $4.14 with a discounted cash flow (DCF) valuation of approximately $4.57, suggesting a potential upside of 10.27% [2][5] - The comparison between NCEW and PSIG highlights the importance of evaluating target prices and potential upsides in investment decisions [4][5] Group 2 - PSIG's target price change of 10.27% is the highest among its peers, showcasing its growth potential in the freight forwarding services sector [3] - Investors may find PSIG to be a more promising investment option compared to NCEW due to the latter's significant downside potential [3][4]

Group 1 - The core point of the article highlights significant stock price increases for several Chinese concept stocks, with notable gains for 富原集团 (TWG) at 266.22% and 有信科技 (YAAS) at 34.78% [1] - 富原集团 (TWG) closed at a price of 22.010, with a total trading volume of 403 million [1] - 有信科技 (YAAS) saw a closing price of 2.170, with a trading volume of 3.6623 million [1] Group 2 - Agencia Comercial Sp (AGCC) experienced a price increase of 27.94%, closing at 12.640, with a trading volume of 2.3292 million [1] - 荣志集团 (SUGP) rose by 27.32%, closing at 7.130, with a trading volume of 25.7957 million [1] - 新世纪储运 (NCEW) increased by 21.60%, closing at 5.010, with a trading volume of 657,100 [1]

Core Viewpoint - New Century Logistics (BVI) Limited plans to implement a 1-for-8 reverse stock split on its common stock, effective November 14, 2025, pending Nasdaq requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 8 shares of the Company's common stock into 1 share, with no fractional shares issued; any fractions will be rounded up to the next whole number [3]. - The Board of Directors approved the reverse stock split on October 3, 2025, and no stockholder approval is required under BVI law [4]. Group 2: Share Structure Changes - Following the reverse stock split, the authorized number of shares will be reduced from 100,000,000 to 12,500,000 shares, maintaining the same par value per share [4]. Group 3: Company Overview - New Century is an international freight forwarding and logistics service provider, assisting clients with importing and exporting goods, including air freight export shipments to North America, Europe, and Asia [5].

Core Viewpoint - New Century Logistics (BVI) Limited plans to implement a 1-for-8 reverse stock split on its common stock, effective November 14, 2025, pending Nasdaq requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 8 shares of the Company's common stock into 1 share, with no fractional shares issued; any fractions will be rounded up to the next whole number [3]. - The Board of Directors approved the reverse stock split on October 3, 2025, and no stockholder approval is required under BVI law [4]. Group 2: Share Structure Changes - Following the reverse stock split, the authorized number of shares will be reduced from 100,000,000 to 12,500,000 shares, maintaining the same par value per share [4]. Group 3: Company Overview - New Century is an international freight forwarding and logistics service provider, assisting clients with importing and exporting goods, including air freight export shipments to North America, Europe, and Asia [5].

Financial Performance - Total revenues for the six months ended March 31, 2025, were $21,389,809, a decrease of 15.1% from $25,285,439 in the same period of 2024[3] - Gross profit for the six months ended March 31, 2025, was $783,105, down 68.4% from $2,472,771 in 2024[3] - The company reported a net loss of $1,866,274 for the six months ended March 31, 2025, compared to a net income of $527,282 in 2024[3] - Operating expenses increased to $2,613,863 for the six months ended March 31, 2025, from $1,808,383 in 2024, representing a rise of 44.4%[3] Cash and Assets - Cash and cash equivalents decreased to $288,545 as of March 31, 2025, from $659,320 as of September 30, 2024, a decline of 56.3%[2] - Total current assets fell to $13,098,576 as of March 31, 2025, down 23.1% from $17,082,701 as of September 30, 2024[2] Liabilities - Total liabilities decreased to $6,204,023 as of March 31, 2025, from $12,243,880 as of September 30, 2024, a reduction of 49.3%[2] Shareholder Information - The weighted average number of ordinary shares used in computing net loss per share increased to 20,857,458 for the six months ended March 31, 2025, from 20,000,000 in 2024[3] - The company completed its initial public offering on December 18, 2024, raising $6.0 million from the sale of 1,500,000 ordinary shares at $4.00 each[8] - The company has not declared any dividends during the six months ended March 31, 2025, and 2024[6]

Core Viewpoint - New Century Logistics is advancing its strategic initiatives in 2025 through partnerships, acquisitions, and innovative technology aimed at enhancing logistics efficiency and market presence. Group 1: Partnership with Soradynamics - New Century has formed a partnership with Soradynamics to develop the 'Micro-Hub System' for last-mile delivery in the U.S., addressing high delivery costs and labor shortages [1][3] - The Micro-Hub System integrates vehicle-mounted drone nests, automated battery swapping, and advanced cargo handling systems, aiming to reduce last-mile delivery costs by over 50% per kilometer and increase order processing capacity by more than 2.5 times [4][7] - The system's modular design allows for rapid deployment, making it accessible for small and medium-sized logistics companies [4][6] Group 2: Collaboration with Silk Way Airlines - New Century has signed a memorandum of understanding with Silk Way Airlines to enhance logistics capabilities in South China, focusing on air cargo and supply chain management [2][10] - The cooperation aims to explore digital and green logistics, with plans to launch customized air transport services for cross-border e-commerce and high-end manufacturing by Q3 2025 [11] - A joint working group will be established to expedite project implementation during the 12-month cooperation period [11] Group 3: Acquisition of Asiatic Logistics - New Century has proposed acquiring a 51% stake in Asiatic Logistics to strengthen its presence in Asia and develop a global logistics ecosystem [12] - The acquisition will enhance last-mile services in the growing e-commerce sector and create a seamless logistics corridor connecting Asia, Europe, and the Middle East [13][14] - Future plans post-acquisition include developing Japan as a strategic hub, launching expedited logistics services, and integrating digital enhancements for improved service efficiency [17][18]

Core Viewpoint - New Century Logistics (BVI) Limited has signed a Letter of Intent to acquire 51% of Asiatic Logistics Limited, aiming to enhance its presence in Asia and develop a comprehensive global logistics ecosystem [1][2] Group 1: Acquisition Details - The acquisition of 51% equity in Asiatic represents a strategic upgrade from previous cooperation, focusing on shared benefits and operational synergies [2] - The specifics of the acquisition, including purchase price and payment terms, will be finalized in a formal agreement considering Asiatic's financial performance and market conditions [4] Group 2: Strategic Importance - The acquisition is expected to strengthen New Century's position in the Asian market, particularly by leveraging Asiatic's established network and services in Japan and Southeast Asia [6] - New Century plans to designate Japan as a key strategic hub, enhancing regional and transcontinental operations [5] Group 3: Operational Synergies - The integration of Asiatic's operations with New Century's existing routes will create a seamless logistics corridor connecting Asia, Europe, and the Middle East [6] - Collaboration will include sharing resources such as warehousing and transportation, optimizing costs and improving market penetration [6] Group 4: Future Plans - New Century aims to develop customized e-commerce logistics products in response to the growth of the Japanese cross-border e-commerce market, offering expedited logistics services [11] - The company plans to enhance digital capabilities by integrating its supply chain visualization system with Asiatic's management platform for improved cargo tracking and efficiency [11]

Core Viewpoint - NCEW Investment and JD Logistics UK have signed a Comprehensive Logistics Service Agreement to enhance cross-border logistics services and global supply chain efficiency [1][2]. Group 1: Company Overview - NCEW Investment is a leading investment consulting firm in Hong Kong, focusing on diversified trade and investment solutions for global clients [2][8]. - JD Logistics UK is a key logistics enterprise with a mature bonded warehousing system and extensive cross-border transportation network [3][9]. Group 2: Cooperation Details - The agreement includes core services such as B2C cross-border direct mail logistics, B2C cross-border bonded logistics, and B2B cross-border freight forwarding [7]. - Both parties will utilize digital systems for full-process visual management of orders and implement dynamic cost adjustment mechanisms to ensure service stability [4][6]. Group 3: Strategic Goals - The partnership aims to enhance supply chain resilience and improve cross-border service experiences for customers [5]. - Both companies will adhere to international trade regulations and data security requirements, indicating a commitment to compliance and innovation [6]. Group 4: Future Outlook - The collaboration is expected to expand the scope of cooperation, providing more efficient and reliable supply chain services for global customers [6].